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You can put national calendar dates on cheques, but banks don’t know


akhilesh yadav

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akhilesh yadav

TOI has copies of some cheques bearing Indian calendar dates that were not honoured by PSU banks. Information sought from RBI through Right to Information (RTI) query filed by city-based activist Abhay Kolarkar clarifies that all nationalized banks should accept cheques drawn and signed in Hindi without any additional formality. RBI had issued a circular on July 31, 1992, directing the banks to accept cheques having national calendar dates. The bank governing body stated there was no prohibition under any central act to use any date other than the British calendar dates. "The relevance of putting a date on the cheque is to ascertain whether the cheque is current or stale. A cheque written in Hindi and bearing a date in Hindi as per national calendar is valid and ought to be accepted by the banker," said the circular.

 

 

Read at: You can put national calendar dates on cheques, but banks don?t know - The Times of India

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